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mixed and virtually flat. today a nice rally underway by lots of aftermath and recovery after sandy. taking a look at these charts for you. seeing up arrows, the dow up 120 points, the s&p up nearly 1%, the tech heavy nasdaq up one and a quarter percent. you can look over a period of a month, the month of october we actually snapped a four month winning streak. october was a losing month on wall street butt kicking off november we're starting with up arrows across the board with names like home depot. everybody getting supplies to clean up after the hurricane, is a leader. lori: investors are loving the bullish economic data. better-than-expected jobs growth within u.s. companies adding more than 158,000 jobs last month. initial jobless claims dropped 363,000 last week better than expected. in the manufacturing sector we learned activity expanded at a faster pace than projected showing the industry is stabilizing..3 consumer confidence rose for the second month to a high not seen since february 2008. keep in mind report done before the hurricane. can we expect the stock market rally
of -- nicole petallides. nicole: so far, so good. day two of trading after hurricane sandy hits the eastern seaboard. names like home depot and lowe's have been doing well on the heels of everybody rushing to get things to clean up after the hurricane hit. also, there was separation as well. the immediate impact of sandy is quite significant, trucking volumes and that will take time for a to get back to normal. the more people over the last year or so. hell shire posted solid topline during the latest quarter. connell: it was an absolute commuting nightmare. take a look at the gas lines. this is similar in many areas. miles long. people waiting for hours following hurricane sandy to fill up their car. let's bring in tom kloza. >> this is all about the power. once the power comes back, people will get their fuel. connell: it is not as if in a normal situation we would have any supply issues. you definitely have a lot of demand for gasoline. power is a big-time issue. does it have any impact on market dynamics and pricing? >> i think a lot of demand is being destroyed. i think what you will s
, and destruction caused by hurricane sandy. you are looking at is the small new york city community of breezy point, queens, home after home, burned to the ground. more than 100 houses reduced to ash, breezy point, one of many east coast communities devastated. by the superstorm. at least 62 storm-related deaths have been reported since sandy made landfall in southern enginemenmentnewjersey. 71 pearished in the caribbean. and national largest city is still struggling to begin to recover. large swaths of downtown manhattan are still underwater. and battery tunnel is filled with water. there are no estimates on when it will be pumped dry. across the hudson, in hoboken, national guard there, working to evacuate 20,000 rez dent 20 rese been without power for two days, and streets emerged. and destruction along jersey shore, agonizing to rehold. the resort town, off limits tonight even residents cannot enter, hurricane blowing many of the million-dollar homes off their foundations. and broken gas lines. adding more obstacles to what will be a long-running recovery, 6 million people still in the dark acr
week when sandy came into our lives and governor christie threw his arms around the president before he jumped on an airplane and flew off to las vegas for a fund-raiser. i think it's kind of got back up again. people are looking hard at the four years and not for ours and basically i think romney is a good alternative and that think people are moving toward him. number seven proved, and that think the polls of tightened up. gerri: andrea, we have an old saying on wall street that traders talk their buck. frankly, i think that is what has been going on with the campaigns when they talk to the media. they're all saying that the candid is going to wind. clearly not true. can you believe a word coming out of the mouths of these people who work for the campaign's? i mean, they both can't win. >> that's absolutely right. and you know what, i sympathize with the press team a little bit because i used to do that job and i remember having to go out, put on your game face, looked good. you say, oh, the only poll that matters is the one that happens tomorrow. i really do think that the romney peo
in much of new york city for the first time since sandy crippled the nation's largest transit system. service is limited. that is the case for commuter trains as well. police are enforcing carpooling and bridges into the city. bleeding lines of traffic rushing for miles. after canceling more than 20,000 flights from all three of the major new york area airports are open for business. la guardia opened today with a reduced schedule after having two of its runways flooded by sandy. what a mess. new estimates show just how about the economic damage could be from sandy. according to the forecasting firm, the chastity is $50 billion high. they originally said $20 billion. it is actually more than double. widespread power outages will push the costs higher than the typical storm and the loss of business activity. we are going to hear more from the coast guard coming up. right now, we are going to go to staten island and representative michael graham is on the phone for us. congressman, we have been watching pictures from your district, staten island, for days now. how is it going there? ar
years. although most of us in the northeast have definitely not put the shock of hurricane sandy behind us, it looks like the markets at least for now are doing that today. trying to make a go of it. dow jones industrials on track for the first 1% gain since september 13th. that's session highs today. the the dow was up more than 177 points. we're still holding on to pretty significant gains here of about 130. leading the dow right now, bank of america, caterpillar, microsoft, caterpillar should be no surprise to anyone. earth-moving equipment will be in great need post sandy. shares of companies expected to benefit from all of the rebuilding after hurricane sandy are rallying today. take a look at masco, up nearly 7%. they do home improvement and building products. then you've got trex company, manufacture and distribute wood and plastic composite products related accessories primarily for residential commercial decking application. they are getting a nice boost. watsco also getting a good bump. valspar, big in construction, up nearly 4%. lennox getting a nice 3 1/2% bump here, climate
it back. he lost last week when sandy came into our lives. governor christie put his arms around the president before we jump on an airplane and flew off to las vegas for a fund-raiser. i think it is kind of caught back up again and be looking hard at the four years and not for ours. moving toward them. gerri: we have an old saying on wall street. traders talk their buck. that is what is going on with the campaign when i talk to the media. they're all saying that the canada is going to win. it's not clear. can you believe a word coming out of the mouths of these people who work for the campaign's? they both can win. >> that is absolutely right. and i do sympathize with the press team a little bit because i used to do that job. remember having to go out, but under game face, make sure you look good, lipstick on. the only poll that matters is the one that happens tomorrow. i really do think that the romney people inside feel very, very good. think about this. his base is energized. his base has been energized. independence seemed to be breaking cramp. president obama has a problem
sandy, and phil flynn is in the trading pits for the cme for us, and what's pushing oil today, phil? >> well, you know, i think a lot of things, but more than anything, there's a pop up in the crude contract increasing geopolitical risk, al-qaeda attack on the yes , ma'am -- yemen border, and they are there giving a market a boost, but the products rebound after getting crushed on friday. in a weird way, i guess we got to be happy about upcoming gasoline prices because it could be a sign things are getting back to normal in the northeast. price crushinged because -- crushed because of demand. that's given us a rebound in that market. heating oil, of course, the proxy for jet fuel slammed. it got hit harder than any of the oil products. it's coming back a bit as well. all in all, the market being up a little bit, maybe a sign demand could come back as soon as they start to get power to everybody on the northeast. back to you. >> interesting. thanks so much. >> thank you. >> well, the president and governor romney criss-crossing the country in a last minute blitz, no surprise. they w
to you. dagen: thank you. connell: hurricane sandy sweeping through staten island. dagen: adam shapiro is standing by with the very latest on the recovery efforts. >> you see this car right here, just one of many that got tossed around by the floodwaters. i want to show you some of the houses. they have inspected 650 structures like this one. you can see this one still has a restricted use sticker. it eventually can be used again. i want you to come back with me, if you can. you will see these two guys over here. this is national red. they are walking neighborhood to neighborhood shouting the gas off. did you come down to this house right here, this sums up what is happening to a lot of people. it says unsafe area: do not enter or occupied. this house will have to be torn down. two of the victims of this tragedy, two elderly people died. i can report to you right now, the new york city sanitation has set dump trucks and tractors that are at the end of this street picking up debris. the floodwater actually destroyed property inside the homes. take a look at this pile of garbage. refrig
's listen. >> an update on the city's recovery from sandy as of this moment. i went to some of the areas in south brooklyn hit hardest by the storm. i did talk to some homeowners, went inside some of their houses and some had been severely damaged by sandy. the homeowners are still without power. some of them are still pumping water out of their basements, and they're confronting what they have lost and what to do next. the bottom line is the most important thing is to deal with those we have fatalities, help those families through the unimaginably tragic occurrence in their lives, something that they will not recover from, and then understand that the people who lost their houses or don't know where they will get food or water have some confidence that we are going to be there for them, that we are doing what we can as fast as we can consistent with making sure that we have no further loss of life, so for example in turning on power, if there's a chance turning on power is going to start a fire, we will err on the side of caution. if there is an issue the safety of one of our first resp
" tonight. a whole new crisis growing in sandy's aftermath. gas supplies running out. desperate customers waiting in massive lines across the northeast. we'll tell you if it will bring the region to a standstill. >>> plus an oil spill dumps nearly 300,000 gallons of fuel in new jersey. this could be another big blow to the supply crunch. steven schork from the schork report is here with all the answers. >>> new york city is just beginning to recover from the storm but some businesses refused to their doors are making a killing. that is so new york. i will talk to one restaurant owner who hasn't stopped serving three meals a day to many more people he could have ever expected. even when they say it's not it is always about money melissa: first let's take a look at the day's market headlines the bulls coming out strong to kick off november. a series of strong economic reports today helped boost investor optimism. the dow posted its biggest gain since september 13th, closing up 136 points. >>> building supplier masco was one of the biggest winners on the day. its shares rallied nearly 7% fue
superstorm sandy. we will bring you the latest later. also, christmas is just around the corner. if you haven't booked a flight yet to grandmas, don't fret. affordable last-miminute hol gerri: well, the irs. issuing a warning that if congress doesn't act soon to address the fiscal cliff and the alternative minimum tax hats, tens of millions of us could be hit with a very large tax bill. we also might not be able to file later. so expect major delays. my next guest is doug. i can't get over this whole story. we have a fiscal cliff. the amt is just a small part of that. but the irs is saying that we are going to change or computer programs because wreally don't know what's going to happen. it could be chaos out there. >> they are expecting that they will find a patch. gerri: the past means they don't have to pay this. how many people would be on the hook, and what would it mean for them? >> there about 4 million people that are effective, that would go up to 30 some odd million people. about 20 million people would not be thrust into this. and if you remember, this is going back to 1959 and 197
. >> everybody is hot headed. everybody is upset [ bleep ] [ bleep ]. >> neil: all this stuff about sandy recovery thing going well. fox news alert, folks, it's not. welcome, i'm neil cavuto and a sandy response apparently crashing down. two million residents are still in the dark and cold. power outages no fewer than seven dates, gas lines stretching across miles. it's all spending frustration flaring. two days until election day, raising new questions it could boomerang on no less than president obama. more on that in a moment. first to the people still suffering like maria of staten island who is still left to pick up the pieces. how are things going? >> i wish they were saying going better but they are not. >> neil: blah is the problem right now? >> i know that the volunteers have been out there and i've heard that the marathon runners, to their credit have been and helping people as much as they can. the red cross is somewhere on staten island and national guard is here. there are massive amounts of volunteers giving out water and food. there are certain communities, large communitie
sandy their troubles just beginning, what does this mean are in insurance claims. gerri: and new york stock exchange opens for first time since the storm. but did it have to close in the [ engine revving ] ♪ [ male announcer ] every car we build must make adrenaline pump and pulses quicken. ♪ to help you not just to stay alive but feel alive. the new c-class is no exception. it's a mercedes-benz, through and through. see your authorized mercedes-benz dealer for exceptional offers through mercedes-benz financial services. ve lately.ugh mercedes-benz but because of business people like you, things are beginning to get rolling. and regions is here to help. making it easier with the expertise and service to keep those wheels turning. from business loans to cash management, we want to be your partner moving forward. so switch to regions. and let's get going. together. so, which supeast 4g lte service would yochoose, based on this chart ? don't rush into it, i'm not looking for the fastest answer. obviously verizon. okay, i have a different chart. going that way, does that make a differ
, in this environment, you know, with things like sandy going on and things would be for casting job growth and hiring people, but instead they're laying off people and yet a long list of companies on that and the reason is, they see a sour economy. >> why do they see a sour economy? >> government is growing bigger and stephan, about 24%, study after study has shown, as government takes over a bigger percentage of gdp, it surely will, faster than perceived or forecast at gdp growth, it crowd out private investor and growth period in the economy, slower growth means fewer jobs, that's why you see the list we had at the beginning and why the list ll grow longer as the weeks unfold. >> okay, tobin, the next four years, bigge government, what's it mean for the unemployment rate? >> well, brenda, you ow, that if bigger government meant for more employment, california and france would have the most vital economies in the world. i've been in a lot of different parts of the country speaking with small business people and you know, my conference of course, drew millions. the exciting one that they couldn't get
♪ ♪ imus in the morning ♪ >> a gas crisis, that's sandy's legacy today. and the numbers on the economy right before the election are not encouraging for the president. good morning, everyone. do you want gas? in the new york area, you will have to wait for hours, you want power? millions will wait for days, but it's the supply of gas that is today's crisis. driving to work will be almost impossible for millions. piled on top of the mass power outage, the whole nation's economy will surely take a hit. new numbers today, paint a grim picture on employment and it's a snapshot of the economy which remains weak. the latest fox news poll shows a dead heat and the candidates are tied five days to the election. we are we go. another big day. "varney & company" is about to begin. he loves risk. but whether he's climbing everest, scuba diving the great barrier reef with sharks, or jumping into the marke he goes with people he trusts, which is why he trades with a company that doesn't nickel and dime him with hidden fees. so he can worry about other things, like what the market is
foods, purveyors of organics to be elites a superstorm sandy will hurt sales. i bet the latest nor'easter won't help either. how much down is holding? nicole: it is down 4% on a day we are virtually flat but looking at whole foods coming under pressure coming out with numbers and basically saying superstorm sandy is disrupting the shopping pattern. you think? pretty much. that is sort of obvious, they are not running whole foods, but the company did reiterate profit and sales forecast for 2013 at a 40% increase in quarterly dividend. those things sound good. stuart: governor cuomo of new york and mayor bloomberg of new york city both say all these storms other results of climate change and i am personally absolutely convinced that whole food shoppers agree with them. >> i would say whole food shoppers are probably in line, who knows? whole foods open around to go there twice. [talking over each other] stuart: your time is up. dow jones industrial average up three points in the early going. actress and the ten days ago, back in the dark. a nor'easter swept across the tristate region
sandy today is the presidential election one digests said he does not how he will get across to vote united technologies caterpillar are leading the dow but this floor is pretty much one-sided they think romney is better for business. we're up 81 points. connell: bill richardson and joining us first of former democratic governor of new mexico. good to see you. look at the day dead the slight edge to obama's but what do sure biggest concern today? what is the biggest worry? >> turnout that the election operation is not up to par but i think it is. the hispanic states will cover the president and he will be reelected. nearly 290 votes with the hispanic vote over 70% once again it is a turn out issued to make the difference. connell: you think nevada colorado go to obama and he still wins ohio? >> yes. i am not perfect but the hispanic vote, obviously the storm is a massive tragedy to slow the governor's momentum. the president looked presidential. those two factors will make the difference. connell: looking at the possibilipossibili ty is the rest of the hour but the economic course 10
! the election now three days away, anger and frustration continue to mount over the response to sandy. today, it is the tale of two remarkable lines, this for folks looking to fill up, as the shortage of gas leads to rational and more and these lines, folks lining up for early voting in florida. some waiting for four hours to vote. so far, more than 25 million americans have cast ballots in 34 states. we're on top of both, during the next two hours, with among others, louisiana republican governor bobby jindal on the storm after the storm, and we have former general electric ceo jack welch on the economic storm he sees brewing and congressman charlie rangel on the government's stormy response to sandy. and how it reverberates, first the latest for you on what is going on. forget the dollars, the sandy thing is turning dire, very dire. over 100 dead and the count expected to go higher as rescue workers reach the flooded homes and, mayor bloomberg predicting more bodies will be found and president obama holding a conference call with the governors of new york, new jersey and connecticut. and,
sandy, looking at stocks like weyerhaeuser, looking at stocks like beacon roofing, folks are going to benefit maybe over more intermediate term from sandy. i think that's where a lot of investors will turn especially if we don't get a romney victory, again, romney, we believe at least a general consensus will be good for equities at least in the short run. liz: let me get away from the traders. i know you are so busy. we are too. let's get to the election and we will talk about that in a minute. as you see jared brilliantly segued for us there. should you be making last minute changes to your portfolio? are you buying and selling? hold off for a second. thesis fund management ceo and portfolio manager joining me for the last hour of trading. you get sort of an extra punch of legitimacy because you run a long short fund so you love certain things, you hate certain things. but are you doing anything with your fund in advance of the election? >> no, liz, we're not trying to handicap the outcome of the election. what we do is focus on securities that are misvalued, but long and short.
" tonight. more than six million people without power in sandy's wake. all of those above-ground power lines are largely to blame for this. we'll dig in why we still have those. >>> plus do you think the richay their fair share of taxes? what if we told you they're paying more than ever before? "the wall street journal" steve moore is here with all of the facts. >>> thanks but no thanks. new york city mayor bloomberg tls president obama, not to visit the big apple after the storm. i say thank goodness. but one of my guests says bloomberg is way out of bounds. he is here to disagree with me. even when they say it's not, it is always about money. melissa: first after a two-day hiatus, let's look at market headlines. wall street swung back into gear on the first day of trading since superstorm sandy. stocks were choppy throughout the session. they closed mixed throughout the day. dow closed down 10 points. home depot closed higher on the dow. expected demand of home and construction suppli sent shares up 2%. that makes sense. facebook shares tumbled 4%. a lockup expired on 229 million shares to
would be remiss if i did not bring up hurricane sandy, actual gasoline is something we depend too much upon and if we had natural gas, powered cars some of us may have fared a little better. does that affect the landscape looking ahead at all? >> i am not sure about this, because reality is we have the gasoline, the power went out at the station. we switch to natural gas, i'm not sure that would have mattered. a natural disaster you cannot do much about. david: one of scott's picks was the southwestern gas. putting the ticker up, i want to ask about where you're putting your portfolio or how you're moving it around based on election results. i imagine you're more in cash than you were yesterday. >> yes, we are. we had been building up our cash position, allocating like bonds and fixed incomes, sweeping the treasury will go down 1.5%. we think there is more to be made there, but we are reallocating. pulling money out of equities. we feel some point in time there will be a dislocation in the market. so we're just waiting for those opportunities and being patient. liz: good to see you bot
. >>> also day 6 since superstorm sandy hits, chaos from gas shortages still reign. we've been hearing this will be over but how long will it take to end. >>> people say the economy doesn't care who is elected president. two all-stars will duke it out. even when they say it's not it is always about money. melissa: first up, let's look at the day's market headlines. investors were on cautious footage day before the election. a choppy day of trading eventually led to small gains from stocks. the dow rose 19 points. apple sold three million new ipads over the weekend. ipad mini officially hit store shelves on friday. shares of apple rallied on the news, closing up more than 1%. shares of netflix, jumped 2%, a shareholder plan to prevent a hostile takeover by the company was approved by the board. activist investor carl icahn disclose ad 10% stake in netflix last week. our top story, the day before the big day. obviously all eyes are on the election the final result will have a huge impact on your money. everything from taxes to health care costs. here for a quick roundup, is fox news's on
hurricane sandy is proof we need a powerful federal government, the fema to provide emergency management. the just makes sense. disaster across state lines who but the fed can help? the new york times declared a big star requires big government. very few politicians are skeptical. it is a relief to turn to ron paul. doctor, it is of myths that we need fema? >> i think so. it causes more harm than good. we handle plus a disasters 204 years before we had fema i have taken this position for a long time since the was first in office and i kept getting reelected because people were tired of fema. locked into insurance and it is a bureaucracy. they just takeover. john: across the fed line they have to have rolled? >> no. we should have real insurance. it causes many of the problems because they say you have to have insurance. they will noo sell it. that tells you it is too dangerous. soap rich people are subsidized by the poor people they have a good time the houses are washed away. john: before the storm the president held a press conference that the red cross. >> we are here because the red
been talking to all day long about this idea of having a marathon in the wake of sandy? >> people wanted it canceled. when it was announced it was being canceled i asked police officers what they felt about it and they responded in unison "good." now a girl we spoke to earlier, you got choked up, you're very emotional that the marathon would be run. what is your reaction? >> i am relieved. the right people are here taking care of what needs to be focused on witches for the city and staten island who is the unknown borough. >> since it is known that was heard. the smallest voice was the largest today. what would you say to michael bloomberg about the decision to cancel? >> thank you. take care much because now the officials can pay attention to what needs to be done. the cleanup and get people back and make a new staten island. >> really quick, what the people need now, they need cleaning supplies, gloves to protect their hands as they cleanup, if you're goingo make donations people have been driving down here dropping stuff off, that is the kind of stuff they need now. gerri: what
told hurricane sandy is proof we need a powerful federal government, the fema to provide emergency management. the just makes sense. disaster across state lines who but the fed can help? the new york times declared a big star requires big government. very few politicians are skeptical. it is a relief to turn to ron paul. doctor, it is of myths that we need fema? >> i think so. it causes more harm than good. we handle plus a disasters 204 years before we had fema i have taken this position for a long time since the was first in office and i kept getting reelected because people were tired of fema. locked into insurance and it is a bureaucracy. they just takeover. john: across the fed line they have to have rolled? >> no. we should have real insurance. it causes many of the problems because they say you have to have insurance. they will noo sell it. that tells you it is too dangerous. soap rich people are subsidized by the poor people they have a good time the houses are washed away. john: before the storm the president held a press conference that the red cross. >> we are here becau
maybe they thought nobody would best. >> three ipo today the first after hurricane sandy. look at restoration hardware up 32% of the earlier highs but it had a great pop which is a furniture retailer excepted beautifully. standing next to south cross energy up battle point* 5%. they did well even though hurricane sandy blooms on the eastern seaboard. liz: day do not sell hardware. they sell pretty stuff. [laughter] lasalle whole crew knows, the devastation from hurricane zandi -- sandy is felt that these coast with the energy side then the human side. we have lived team coverage 40 miles from and had an atom we will start with you. >> behind me receive the national guard and passing a water but also red cross now showing up but the field of dreams foundation and they showed up early on their own volunteers bringing food and clothing. diapers, betting common medications, food if you can cook or pizzas if you cannot. people are coming out with converters for govett is what is going on in staten island. those who are still waiting for the sanitation trucks they are furious the new
there are actually three ipo's today. the first ipo since hurricane sandy restoration hardware, dell logics and this particular party for cross energy partners. stuart: there's a big crowd and i saw priceline up $69, and old dot-com days would have 50, 60. and another one, starbucks, how far is that up? >> we have a lot of big movers, include starbucks in there. they had their profit on the rise and they beat the analyst estimates and they also raised their view for 2013 unlike mcdonald's and chipotle and companies that give out signs, starbucks is a different story and different winner. >> 10% is 10%, we'll take it, the dow is up 27 after the first showers of business, time is money, here we have 30 seconds worth of what else we're watching. huge gas shortages in new york and new jersey, most stations have no power or no gas. when you can find a station that's pumping. where can you? we'll ask patrick doohan with gas buddy, if you ever needed one now is the time. now for 2014, a new tax form to ensure that you have health insurance. grover norquist is with us to explain that one. two big s
hewlett-packard hitting a . pakistan are only fo on the floe nyse to find out why. sandy. sandra: not a good day, take a big hit. competition heating up in the pc business in hewlett-packard shares suffering as a result. take a look finishing down about one .5% on the session down at $13.61 per share. hitting a 10-year low. just a penny off the low. volume not significant, but two-thirds of the average daily volume. a little bit of news, lenovo is expanding market share. most importantly over hewlett-packard computer shipments and that is really weighing on the dow components today. thank you guys. david: sandra smith, have a fabulous weekend. liz: s&p futures closing right now. let's go back to cme group on this friday, how does it look? >> it looks like everybody covered, we rallied a little bit into the close. healthy going into next week even with all the uncertainty. we don't see any negativity coming out next weekend with the fiscal cliff business. if we don't do the parties say we are off the table right now, say a small rally going into the weekend. david: that is good ne
. good perspective. david: new jersey to manhattan and beyond. the gas shortage is the latest sandy wall. they cannot top destinations out because of lack of energy. we are getting the latest from the head of new jersey gasoline and convenience auto association. liz: tupperware much more than storage containers. it looks like investors are starting to notice. the stock is up more than 18%. in just the last month. the ceo of tupperware joining us in a fox business exclusive. david: where will the candidates focus their energy during the home stretch. only a couple more days left. more on all of this to come. ♪ [ male announcer ] this is steve. he loves risk. but whether he's climbing everest, scuba diving the great barrier reef with sharks, or jumping into the marke he goes with people he trusts, which is why he trades with a company that doesn't nickel and dime him with hidden fees. so he can worry about other things, like what the market is doing and being ready, no matter what happens, which isn't rocket science. it's just common sense, from td ameritrade. he's going to apply testost
feeling americans left without power after superstorm sandy. we will bring you the latest later. also, christmas is just around the corner. if you haven't booked a flight yet to grandmas, don't fret. affordable last-minute holiday travel. we are on the case next on "the willis report" what makes the sleep number sre different? you walk into a conventional mattress store, it's really not about you. we have so much technology in our store to really show the customers what's going on with their bodies. you can see a little more pressure in the shoulders and in the hips. ... now you can feel what happens as we raise your sleep number settingnd allow the bed to contour to your individual shape. oh, wow. that feels really good. at sleep number we've created a collection of innovations dedicated to individualizing your comfort. the sleep number collection, designed around the innovative sleep number bed - a bed with dualair technology that allows you to adjust to the exact comfort your body needs. each of your bodies. so whatever you feel like, sleep number's going to provide it for you. dur
a look at cold and macy's. both have come under some pressure. noting hurricane sandy, macy's same-store sales fell, also mentioned sandy as well. kohl's down 10%. lori: thank you, nicole. an upward revision appeared tonight, but our next guest expects growth to decline for the fourth quarter. deutsche bank security nominee with his outlook for next year, and if we get to it, some expectations on continued stimulus which we heard this week as well. this was the second print out of three on third-quarter gross domestic product. looks like a nice upward provision. about 2%, but if you look under the hood there are some serious problems and i will let you start there. >> a little bit of fine print. consumer spending was revised lower, business investment in equipment and software. for the upward revision was due to a lot more inventory being accumulated last quarter, partly due to a faster pace of economic activity. not the strengthening in the number we would like to see. lori: does it suggest go to the softening consumer picture, people are not buying stuff simply put question marks
to challenge that. lori: the president on the ground in new york. surveying the aftermath of hurricane sandy. melissa: mf global and its not so former ceo john corzine fall. we will have a first on fox business interview about that. time for stocks now as we do every 15 minutes. nicole petallides is standing by. the dow hovering within an 80-point range today. nicole: when you think about what is going on with this market, you have seen selling since the election basically. we are down six of the last eight weeks. majority of the dow opponents have come under pressure. the vix, the fear index, to the upside. i cannot tell you how many people were asking me about today's jobs numbers. obviously, we have had hurricane sandy to contend with. we have our bed numbers then and they were also disappointing. we are still remaining under pressure. lori: the fiscal cliff front and center this week. rich edson is in washington with the latest. rich: since the election, they have been staking out their opening fiscal cliff positions. for the president and democrats, increase taxes on those earning more
to get back in sync but nothing compared to what we saw with sandy. connell: getting back to normal is the latest on this from united after the computer glitch. thanks. dagen: israel moving troops south after the latest conflict in the gaza strip. does this spell greater unrest in the middle east? connell: the founder of five our energy is here answering questions that have come up in a report that this energy drink may be linked to 13 deaths since 2008. this is the response from the company but first let's look at oil today. we will have a lot more talk about oil throughout the hour, $86 a barrel. ♪ [ engine revs ] ♪ ♪ [ male announcer ] the mercedes-benz winter event is back, no matter which list you're on. [ santa ] ho, ho, ho, ho! [ male announcer ] lease a 2013 ml350 for $599 a month at your local mercedes-benz dealer. connell: former cia director david petraeus testifying tomorrow morning in front of the house and senate intelligence committees about the attack from the consulate in benghazi. and the number of things this morning, secretary of state hillary clinton, and
make a difference. dagen: you do not think that the fact of hurricane sandy moving in in the presidential election was not the focus of television news conference and you could not get away from advertisements. it was not above the fold on the front page of newspapers. how did that not hurt mr. romney? >> i think it slowed the momentum of the campaign. i do think that has picked back up. i think only history will see how sandy plays out. you do have the president acting like a president for a few days because that is his job. dow you have have some people resentful because they do not have the supplies they need. it discourages the vote if you have a lower turnout in those states, you have better results for governor romney. i am anxious to see how the story plays out historically. i think right now we still have romney ahead. i am very nervous about the potential if governor romney does not win. i do feel very good about his ability to pull this thing out. healthcare law. "wall street journal"'s story about low-wage employers shifting more to part-time workers from
in parts of queens, new york, an area averaged by flooding and fires by hurricane sandy, they are learning they may not have power until after thanksgiving. david: this is dire situation and getting worse. forcing new york city's mayor to call upon the national guard for help. liz macdonald is joining us live from belle harbor all day with the very latest. this is an area hit very hard. liz, what is the latest? >> that's right, david and sandra. the national guard was taking along with paramedics doing door-to-door search and rescue operation to pull people out of theirs homes because the temperature is dropping. we see st. francis of sale and church grammar school. up to 10,000 people a day are getting relief from this volunteer grassroots disaster relief operation. they're getting food and coats. i seen children without shoes on. a guy showed up with his two yearly daughter with bronchitis, he didn't want to go back to his house without power and heat. we're seeing lines continue throughout the day. i have got a treat for you, david, and i got a treat for you, sandy. david's son is in th
this. storm victims from sandy, homes destroyed. yet, you know, bank -- you still have a mortgage. and have to keep paying it. do they? judge napolitano on that, after this. >> we got off the phone with bank of america, they told us they can only freeze the mortgage for 30 days, we do not know what shaping with that. >> staten islander, michelle, telling me, she is frustrated her bank is not helping more after her home was destroyed. not as if bank of america did not know what was going on there. thousands of others, in the same ship, judge napolitano on if banks of obligated to show compassion. hhe is the steven king of all things historic, do banks have that power? or do they have to be -- >> well, my heart goes out to them all in long island. and the jersey shore that suffered. but if you borrow money from a bank, you owe them money back even if the collateral for that loan has been destroyed, if mrs. zito has a mortgage with bank of america, and her house is now uninhabitable, what can she do? she is walk away, let the bank demolish the house, and rebuild,. neil: her credit is
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